"Our "belief" is that money is anything that people say it is and wish to use"

You still promote the quantity doctrine. I have read it in your articles only recently; that central banks printing trillions is making currency worthless. I have news for you DB, the obligations of central banks are already worthless, the 'assets' of central banks, & the majority of commercial banks, are junk. The fact that these obligations trade 'money good' is a credit bubble of galactic proportions.

How goes the Stock, becomes the gen'ral Cry.
Rather than fail we'll at Nine Hundred Buy.
Instead of Scandal, how goes Stock's the Tone,
Ev'n Wit and Beauty are quite useless grown:
No Ships unload, no Looms at Work we see,
But all are swallow'd by the damn'd South Sea.

And this idea that "the value of gold was moderated, according to Rothbard by whether people hoarded it or not and kept it out of circulation" is nonsense. You are claiming that the value of gold will increase when hoarded & decrease when it circulates!!? Gold is the standard of value, why support a gold standard if you think its value is uncertain?

And for Danny B

"It is if you're looking for it in Fort Knox" is totally irrelevant to anything I've written below.

"Gold is not scarce"
It is if you're looking for it in Fort Knox.

I will give credit where it's due however. DB did indeed some time ago outline what is transpiring in North Africa. When I heard the Briish PM's statement on the news, I remembered the DB article.

FYI, there was a report on our national broadcaster a week or so ago regarding the 'evil' machinations of Assad & his minions in Syria, the usual propaganda to justify runnnig guns into the country, though they don't mention the gun running part. Immediately following was a report of a 'western' governmental summit where it was agreed to prevent weapons falling into the hands of terrorists.

The hypocriscy is brazen, yet thus far nobody cares.

In response to Danny B

Gold is not scarce. It is, as Daily Bell says, everywhere. Thus the value of gold can not be due to its scarcity.

I haven't been commenting of late, but reading from time to time, so I know Daily Bell still promotes the quantity theory of money i.e. the more the central bank prints, the less it's worth.

I ask how does Daily Bell square its belief that gold is money, even though it's everywhere, with its promotion of the quantity doctrine?

Reply from The Daily Bell

Huh? Our "belief" is that money is anything that people say it is and wish to use. Gold-as-money is NOT predicated on the amount of gold available in the earth. Murray Rothbard believed that a gold standard reflected value in price movements and that the stock of gold available after a point was not even important. The value of gold was moderated, according to Rothbard by whether people hoarded it or not and kept it out of circulation. The same principle is at work with fiat money these days where commercial banks are "hoarding" by refusing to lend.

"No, commodities ... gold, silver, copper, oil, gas ... are everywhere."
Ah, but gold is different. We'll have to agree to disagree on gold scarcity.
Much of the gold mined today is extracted ate the rate of ONE gram per ton of ore.
Newmont, Barrick and Goldcorp said that gold mining peaked 10 years ago.
Interestingly enough, there is a new gold recovery process that looks GOOD to Porter Stansburry. It may change things a LOT.
Click to view link

Gold can't really be considered a commodity. It doesn't have the stock-to-flow of any other material. You can't buy trust with paper. Only a commodity will do it. Gold is the only universal object that is useless enough to work as money. If copper went up to $ 500 an ounce, it would disrupt manufacturing.
The world is soon to impose a gold standard on America for all external trade.
The CBs didn't start re-stocking gold because they wanted to. They are going to be forced to have gold-backed currency.

So, Mali is on the menu for destruction. I wonder why??????????????
"The German government recently asked for the return of some of their gold
bullion from the Bank of France and the New York Federal Reserve. France has
said it will take 5 years to return Germany's gold. The United States has
said they will need 8 years to return Germany's gold. This suggests strongly
that the Bank of France and the NY Federal Reserve have used the deposited
gold for other purposes, and they are scrambling to find new gold to cover
the shortfall and prevent a gold run. So it is inevitable that suddenly
France invades Mali, ostensibly to combat Al Qaeda, with the US joining in.
Mali just happens to be one of the world's largest gold producers with gold
accounting for 80% of Mali exports. War for the bankers does not get more
obvious than that! "

Reply from The Daily Bell

You feed the meme with these kinds of analyses. Your point is that if the "banksters" didn't need gold they wouldn't have planned a Mali invasion. Why then Afghanistan, Iraq, Ivory Coast, Tunisia, Syria, Somalia, etc. Also for gold? Oil? Rare earth? No, commodities ... gold, silver, copper, oil, gas ... are everywhere. Why repeat such scarcity nonsense. These are strategic wars for control and propaganda purposes not resources.

too many feedbackers here(such as nithsdale) speak long and hard about what they know nothing about. Making up stories about the prophets and false testimony about Allah's Book amounts to lying in the worst way. Don't you feel any shame? How could it hurt you to be a little respectful to that one who was sent as a "Mercy to all the worlds" -Quran, refering to the last prophet and messenger Muhammad, peace be upon him. He whose example is a shining light down through the ages.

Oh, I left out one pertinent fact.

Islam denotes that a believer must tell his enemy what he is planning to do before he does it. This assures that Allah will honor the scheme since the opponent is warned, can protect himself and welcome death for it or join with his enemy and become a "friend".

Look at all the attacks in the Middle East and North Africa and that Koranic direction holds. But there are many ways forewarning your enemy can be employed.

France and Britain today have large, well financed and influential "minorities" of islamtes now joining in political and cultural putsches all over Europe, but particularly in both those nations.

If I were an Islamic theorist, I would manufture a feint maneuver and attract what is left of those nation's military to some god forgotten arid area and throw everything at them! Meanwhile, back in their home territory I would fulminate in every way I could to destroy the base! Remember it was a people of Islam that gave us chess!

Falso flag is very possible but not just from our side. What if Algeria, its army, is really a partner with Al Quaeda? What if this was an Algerian false flag just for our benefit! Whoops, now you may also think about Libya, Syria, Iraq and Afghanistan in a new light!

Welcome to the New World Order!

Reply from The Daily Bell

Ah, so it was Islam all along that's been manufacturing the wars against Libya, Syria, Egypt and the Ivory Coast, etc. Not France, not England. You're welcome to any fantasy you can dream up, Nithsdale, but we'll continue to work with history and facts ...

You were on to IT!

The islamic Crescent is not an idea from our times. It comes from the emergence of Mohammed, his new "philosophy", which drew on the Moors conquest of, guess whAT, ALL OF nORTH AFRICA.

It was shortly after the birth of the Christian Era, immortalized as AD although no one knows what that means today, that a group of fighting desert people, started beating up on every group they encountered as they crossed Africa from the Middle East to the doors of Europe, Spain and Portugal. That conquest was the beginning of Western History in its poetic form.

The Moors were transformed into great architects, physicians, accountants and culture nabobs by a group of apostate jews called the sephardim, outcasts driven from Judaism's bosom because they loved numbers, conbinations thereof, and could transform life with their new "mania". It was a colaboraion historians hail to this day.

Mohammed changed it. His simple philosophy of enforcing all contracts with the use of death for all who did not perform, enabled commerce across the world to get in stride. In less than a century, Islam, Mohammed's beliefs, became the Law of Trade and business everywhere, even in lands that hardly knew it existed. Numbers, inventories, products became more important than people in society. So called Free Trade! That is why slavery exploded with Islam! Those who would not accept the "code of honor" were rounded up and sold until they learned the ritual, conformed and then bought their way back to their brothers!

Today we are watching the same scenario work out before our very eyes. It is so brilliant that it comes back again and again despite well meaning progressive minds working to contain it!

Unfortunately, for our times, the forces that profit so from Mohammed's great extortion scheme now possess all the wealth of nations. Not just the money but also the thoughts. There will be no Marines from the USA to stop this old kidnap and hold this time(From the Hall of Montezuma to the Shores of Tripoli, remember?). Too many of those veterans now work for the other side!

Welcome to the New World Order, brought to you by the confused intelligentsia, the feel good troubadours and a world population conditioned to discordance in their homes, their thoughts and their lives.



y

"Abu also pointed out that Der Spiegel had posted an article on the issue of the growing war in Mali."

--------------

That's right. And now 'Der Spiegel' is upping the ante, too:

'Gates of Hell': Mali Conflict Opens New Front in War on Terror ... France has found early success in its fight against Islamist extremists in northern Mali. But Saharan terrorist groups have close ties and are prepared for a prolonged battle. The hostage crisis in Algeria shows that the new front in the war on terror could become a protracted conflict."

Click to view link

DB: "The current war blowing up in Mali is, however, a perfect example of directed history"

-------------------

Yep, and here's just another one ... maybe coming soon to a town near you:

From the recent 'Combating Terrorism Center at West Point' report, titled:

"Challengers from the Sidelines: Understanding America's Violent Far-Right"

Quote:

"Violence derived from the modern anti-federalist movement appeared in full force only in the early to mid-1990s and is interested in undermining the influence, legitimacy and effective sovereignty of the federal government and its proxy organizations. The anti-federalist rationale is multifaceted, and includes the beliefs that the American political system and its proxies were hijacked by external forces interested in promoting a 'New World Order' (NWO) in which the United States will be absorbed into the United Nations or another version of global government. They also espouse strong convictions regarding the federal government, believing it to be corrupt and tyrannical, with a natural tendency to intrude on individuals' civil and constitutional rights. Finally, they support civil activism, individual freedoms, and self government. Extremists in the anti-federalist movement direct most their violence against the federal government and its proxies in law enforcement."

Click to view link


Originally unearthed, I guess, by Mike Krieger over at "A Lightning War for Liberty"

Click to view link

"Conclusion: Ironically, The Daily Bell's modest staff will receive no journalism awards for its groundbreaking journalism ... but no matter! Our most important and most treasured award is your patronage."

DB, groundbreaking journalism always has its and IT fans appreciation displayed with exclusive fast track insider information provided for profitable comment and distribution. And such has always been the case and is only natural, and in this novel zeroday and internetworking age is that something that is growing at an exponential rate beyond the control of conventional and traditional power sources/elitist forces.

It is both a fabulous fact and fantastic fiction that will host and deliver an inevitable and increasingly rapid and effective, self-destructive, head honcho targeted situation with stealthy virtual payloads to leading present players/media movers and shakers, both real and proxy, ….. which laws and support justice systems are required and designed to maintain a systemically flawed base condition/foundational premise and which provides an inequitable and seemingly overwhelmingly powerful artificial control meme, ….. will be exposed to render a toxic catastrophic reality to those support and leading player systems unless and until that corrupt and easily corruptible [via secrets and information request refusals/national and international security concern invocations] is fundamentally changed to one which does not suffer from discoveries and disclosures which paint the true picture rather than spinning a false tale and phantom trails.

The Greater Great Game which delivers, via transparent networking of securely steganographically loded and dynamically programmed and infinitely variable instruction sets, Sublime Advanced IntelAIgent Sharing, is that which SMARTR IT bods and boffins use for Command and Control of Virtual Power and Future Plays in CyberIntelAIgent Space Places which impact directly earthed realities. And it is that new and totally disruptive virtual reality element/component which current power elites need to engage with and fund, for that is really all that they can actually provide which would be of any significance or help to them, if they wish to remain relevant to the future, for the future does not need their exclusive participation unless they be prepared to ensure a changed order with new leading players at the helm and in the engine room providing new destinations and better drive.

:-) And yes, DB, I do realise that those sentences are quite long, but that in no way diminishes the message shared.

"The UK prime minister said on Sunday that the growing threat of Islamist militants in the Sahel region of Africa required "a response that is about years, even decades, rather than months"

----------------

Indeed, we've always been at war with Eastasia ...

Click to view link've-always-been-war-eastasia


@ DB

The pleasure is all mine ...

No surprise for those of us who stay informed by ourselves and not the MSM pravda!



General Wesley Clark: Because I had been through the Pentagon right after 9/11.


About ten days after 9/11, I went through the Pentagon and I saw Secretary Rumsfeld and Deputy Secretary Wolfowitz. I went downstairs just to say hello to some of the people on the Joint Staff who used to work for me, and one of the generals called me in. He said, "Sir, you've got to come in and talk to me a second." I said, "Well, you're too busy." He said, "No, no." He says, "We've made the decision we're going to war with Iraq." This was on or about the 20th of September. I said, "We're going to war with Iraq? Why?" He said, "I don't know." He said, "I guess they don't know what else to do." So I said, "Well, did they find some information connecting Saddam to al-Qaeda?" He said, "No, no." He says, "There's nothing new that way. They just made the decision to go to war with Iraq." He said, "I guess it's like we don't know what to do about terrorists, but we've got a good military and we can take down governments." And he said, "I guess if the only tool you have is a hammer, every problem has to look like a nail."


Click to view link